Market Forecast By Types (Power Transformer, Distribution Transformer), By Rating (Power Transformer (1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA, Above 350 MVA), Distribution Transformer (Up to 100 kVA, 100.1 – 315 kVA, 315.1 – 5 MVA)), By Cooling System (Dry Type, Liquid Type), By Applications (Power Utilities, Industrial), By Country (Brazil, Chile, Mexico, Argentina & Rest of Latin America) and Competitive Landscape
Product Code: ETC002834 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Latin America Power & Distribution Transformer Market report thoroughly covers the market by types, by rating, by distribution transformer, by application, and by country. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Latin America is a region that boasts of a rich history, vibrant culture, and a booming economy. With a developing infrastructure, the demand for electricity has been on a significant rise. Consequently, this has led to the emergence of a buoyant and multifaceted power and distribution transformer market. The rise in electricity demand, coupled with several government initiatives to enhance the power infrastructure, has been a significant driver of this market growth.
According to 6Wresearch, the Latin America Power & Distribution Transformer Market size is expected to grow at a CAGR of 7.8% during the forecast period 2024-2030. The region's increasing need for electricity due to population growth, economic development, and urbanization is one of the primary drivers for the growth of the Latin America power and distribution transformer market. Additionally, the growing focus on renewable energy sources such as solar and wind power is resulting in a greater need to improve the effectiveness of power transmission and delivery. Moreover, a severe need for energy security is driving the demand for reliable power sources and distribution. On the other hand, some challenges can affect its growth. One such is the lack of quality infrastructure to serve remote areas that require power.
Apart from that, there is insufficient funding for expanding and upgrading electric transmission systems. Moreover, the COVID-19 pandemic has resulted in supply chain disruptions, with a decrease in demand for oil as well as a disruption in labour availability. However, with an increase in renewable energy and alternative sources of power, Latin America power and distribution transformers industry has witnessed the development of smart transformers. These transformers have advanced features that improve efficiency, reduce power consumption and enhance monitoring capabilities. Additionally, there has been an increasing trend towards the use of eco-friendly and energy-efficient transformers.
The Latin America region governments have also supported renewal energy usage with incentives and initiatives to encourage electricity systems' modernization. For instance, Brazil, Chile and Mexico are among the countries rolling out renewable energy policies to boost the energy supply. Moreover, several tax reduction schemes are giving a push to the transformer market and support businesses that are involved in the electronics industry. All these are positively supporting the Latin America Power & Distribution Transformer Market growth.
The major players in the Latin America power and distribution transformer market include ABB, Siemens AG, General Electricals, Schneider Electric SA, Mitsubishi Electric Corporation, Toshiba Corporation, Hitachi Limited, Hyundai Electric and Energy System, Crompton Greaves Limited, and Hammond Power Solutions Inc.
According to Dhaval, Research Manager, 6Wresearch, while both Power and Distribution Transformers play critical roles in the electrical power system, Power Transformers are growing faster than distribution transformers in the market. This is due to the increasing development of renewable energy projects and the need to expand and modernize the existing electrical grid infrastructure.
Based on application, Power utilities have been the primary customers for power transformers, whereas industries have been using transformers for diverse applications. Infrastructure and renewable energy sectors are emerging as new customers of power and distribution transformers.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Latin America Power & Distribution Transformer Market Overview |
3.1. Latin America Power & Distribution Transformer Market Revenues, 2020-2030F |
3.2. Latin America Power & Distribution Transformer Market Revenue Share, By Country, 2020 & 2030F |
3.3. Latin America Power & Distribution Transformer Market - Industry Life Cycle |
3.4. Latin America Power & Distribution Transformer Market - Porter’s Five Forces |
4. Latin America Power & Distribution Transformer Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Latin America Power & Distribution Transformer Market Trends & Evolution |
6. Brazil Power & Distribution Transformer Market Overview |
6.1. Brazil Power & Distribution Transformer Market Revenues, 2020-2030F |
6.2. Brazil Power & Distribution Transformer Market Overview, By Types |
6.2.1. Brazil Power & Distribution Transformer Market Revenues, By Power Transformer, 2020-2030F |
6.2.2. Brazil Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2020-2030F |
6.3. Brazil Power & Distribution Transformer Market Overview, By Rating |
6.3.1. Brazil Power Transformer Market Revenue Share, By Rating, 2020 & 2030F |
6.3.1.1. Brazil Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2020-2030F |
6.3.1.2. Brazil Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2020-2030F |
6.3.1.3. Brazil Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2020-2030F |
6.3.1.4. Brazil Power Transformer Market Revenues, By Above 350 MVA, 2020-2030F |
6.3.2. Brazil Distribution Transformer Market Revenue Share, By Rating, 2020 & 2030F |
6.3.2.1. Brazil Distribution Transformer Market Revenues, By Upto 100 kVA, 2020-2030F |
6.3.2.2. Brazil Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2020-2030F |
6.3.2.3. Brazil Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2020-2030F |
6.4. Brazil Power & Distribution Transformer Market Overview, By Cooling System |
6.4.1. Brazil Power & Distribution Transformer Market Revenues, By Dry Type, 2020-2030F |
6.4.2. Brazil Power & Distribution Transformer Market Revenues, By Liquid Type, 2020-2030F |
6.5. Brazil Power & Distribution Transformer Market Overview, By Applications |
6.5.1. Brazil Power & Distribution Transformer Market Revenues, By Power Utilities, 2020-2030F |
6.5.2. Brazil Power & Distribution Transformer Market Revenues, By Industrial, 2020-2030F |
6.6. Brazil Power & Distribution Transformer Market- Key Performance Indicators |
7. Mexico Power & Distribution Transformer Market Overview |
7.1. Mexico Power & Distribution Transformer Market Revenues, 2020-2030F |
7.2. Mexico Power & Distribution Transformer Market Overview, By Types |
7.2.1. Mexico Power & Distribution Transformer Market Revenues, By Power Transformer, 2020-2030F |
7.2.2. Mexico Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2020-2030F |
7.3. Mexico Power & Distribution Transformer Market Overview, By Rating |
7.3.1. Mexico Power Transformer Market Revenue Share, By Rating, 2020 & 2030F |
7.3.1.1. Mexico Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2020-2030F |
7.3.1.2. Mexico Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2020-2030F |
7.3.1.3. Mexico Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2020-2030F |
7.3.1.4. Mexico Power Transformer Market Revenues, By Above 350 MVA, 2020-2030F |
7.3.2. Mexico Distribution Transformer Market Revenue Share, By Rating, 2020 & 2030F |
7.3.2.1. Mexico Distribution Transformer Market Revenues, By Upto 100 kVA, 2020-2030F |
7.3.2.2. Mexico Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2020-2030F |
7.3.2.3. Mexico Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2020-2030F |
7.4. Mexico Power & Distribution Transformer Market Overview, By Cooling System |
7.4.1. Mexico Power & Distribution Transformer Market Revenues, By Dry Type, 2020-2030F |
7.4.2. Mexico Power & Distribution Transformer Market Revenues, By Liquid Type, 2020-2030F |
7.5. Mexico Power & Distribution Transformer Market Overview, By Applications |
7.5.1. Mexico Power & Distribution Transformer Market Revenues, By Power Utilities, 2020-2030F |
7.5.2. Mexico Power & Distribution Transformer Market Revenues, By Industrial, 2020-2030F |
7.6. Mexico Power & Distribution Transformer Market- Key Performance Indicators |
8. Chile Power & Distribution Transformer Market Overview |
8.1. Chile Power & Distribution Transformer Market Revenues, 2020-2030F |
8.2. Chile Power & Distribution Transformer Market Overview, By Types |
8.2.1. Chile Power & Distribution Transformer Market Revenues, By Power Transformer, 2020-2030F |
8.2.2. Chile Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2020-2030F |
8.3. Chile Power & Distribution Transformer Market Overview, By Rating |
8.3.1. Chile Power Transformer Market Revenue Share, By Rating, 2020 & 2030F |
8.3.1.1. Chile Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2020-2030F |
8.3.1.2. Chile Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2020-2030F |
8.3.1.3. Chile Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2020-2030F |
8.3.1.4. Chile Power Transformer Market Revenues, By Above 350 MVA, 2020-2030F |
8.3.2. Chile Distribution Transformer Market Revenue Share, By Rating, 2020 & 2030F |
8.3.2.1. Chile Distribution Transformer Market Revenues, By Upto 100 kVA, 2020-2030F |
8.3.2.2. Chile Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2020-2030F |
8.3.2.3. Chile Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2020-2030F |
8.4. Chile Power & Distribution Transformer Market Overview, By Cooling System |
8.4.1. Chile Power & Distribution Transformer Market Revenues, By Dry Type, 2020-2030F |
8.4.2. Chile Power & Distribution Transformer Market Revenues, By Liquid Type, 2020-2030F |
8.5. Chile Power & Distribution Transformer Market Overview, By Applications |
8.5.1. Chile Power & Distribution Transformer Market Revenues, By Power Utilities, 2020-2030F |
8.5.2. Chile Power & Distribution Transformer Market Revenues, By Industrial, 2020-2030F |
8.6. Chile Power & Distribution Transformer Market- Key Performance Indicators |
9. Argentina Power & Distribution Transformer Market Overview |
9.1. Argentina Power & Distribution Transformer Market Revenues, 2020-2030F |
9.2. Argentina Power & Distribution Transformer Market Overview, By Types |
9.2.1. Argentina Power & Distribution Transformer Market Revenues, By Power Transformer, 2020-2030F |
9.2.2. Argentina Power & Distribution Transformer Market Revenues, By Distribution Transformer, 2020-2030F |
9.3. Argentina Power & Distribution Transformer Market Overview, By Rating |
9.3.1. Argentina Power Transformer Market Revenue Share, By Rating, 2020 & 2030F |
9.3.1.1. Argentina Power Transformer Market Revenues, By 1 MVA - 50 MVA, 2020-2030F |
9.3.1.2. Argentina Power Transformer Market Revenues, By 50.1 MVA -160 MVA, 2020-2030F |
9.3.1.3. Argentina Power Transformer Market Revenues, By 160.1 MVA -350 MVA, 2020-2030F |
9.3.1.4. Argentina Power Transformer Market Revenues, By Above 350 MVA, 2020-2030F |
9.3.2. Argentina Distribution Transformer Market Revenue Share, By Rating, 2020 & 2030F |
9.3.2.1. Argentina Distribution Transformer Market Revenues, By Upto 100 kVA, 2020-2030F |
9.3.2.2. Argentina Distribution Transformer Market Revenues, By 100.1 kVA-315 kVA, 2020-2030F |
9.3.2.3. Argentina Distribution Transformer Market Revenues, By 315.1 kVA- 5 MVA, 2020-2030F |
9.4. Argentina Power & Distribution Transformer Market Overview, By Cooling System |
9.4.1. Argentina Power & Distribution Transformer Market Revenues, By Dry Type, 2020-2030F |
9.4.2. Argentina Power & Distribution Transformer Market Revenues, By Liquid Type, 2020-2030F |
9.5. Argentina Power & Distribution Transformer Market Overview, By Applications |
9.5.1. Argentina Power & Distribution Transformer Market Revenues, By Power Utilities, 2020-2030F |
9.5.2. Argentina Power & Distribution Transformer Market Revenues, By Industrial, 2020-2030F |
9.6. Argentina Power & Distribution Transformer Market- Key Performance Indicators |
10. Rest of Latin America Power & Distribution Transformer Market Overview |
11. Latin America Power & Distribution Transformer Market Opportunity Assessment |
11.1. Latin America Power & Distribution Transformer Market Opportunity Assessment, By Country |
11.1.1. Brazil Power & Distribution Transformer Market Opportunity Assessment, Types, 2030F |
11.1.2. Mexico Power & Distribution Transformer Market Opportunity Assessment, Types, 2030F |
11.1.3. Chile Power & Distribution Transformer Market Opportunity Assessment, Types, 2030F |
11.1.4. Argentina Power & Distribution Transformer Market Opportunity Assessment, Types, 2030F |
12. Latin America Power & Distribution Transformer Market Competitive Landscape |
12.1 Latin America Power & Distribution Transformer Market Competitive Benchmarking, By Operating Parameters |
12.2 Latin America Power & Distribution Transformer Market Revenue Share, By Country |
12.2.1. Brazil Power & Distribution Transformer Market Revenue Share, By Company, 2023 |
12.2.2. Mexico Power & Distribution Transformer Market Revenue Share, By Company, 2023 |
12.2.3. Chile Power & Distribution Transformer Market Revenue Share, By Company, 2023 |
12.2.4. Argentina Power & Distribution Transformer Market Revenue Share, By Company, 2023 |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |
Market Forecast By Types (Power Transformer, Distribution Transformer), By Rating (Power Transformer (1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA, Above 350 MVA), Distribution Transformer (Up to 100 kVA, 100.1 – 315 kVA, 315.1 – 5 MVA)), By Cooling System (Dry Type, Liquid Type), By Applications (Power Utilities, Industrial), By Country (Brazil, Chile, Mexico, Argentina & Rest of Latin America) and Competitive Landscape
Product Code: ETC002834 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Power & Distribution Transformer Market has been witnessing steady growth in recent years, with several new developments undergone. For instance, investment in infrastructure development which includes the modernization of power grids. Additionally, investment in renewable energy such as wind and solar power. This has created new opportunities for the power and distribution transformer market. The adoption of smart grid technology is increasing in Latin America with countries such as Brazil and Mexico investing in the deployment of advanced metering infrastructure (AMI). Moreover, several manufacturers of transformers are forming joint ventures and partnerships to expand their presence in the region.
The Latin America Power & Distribution Transformer Market has been growing in recent years. Some of the key growth factors of the market include increasing demand for electricity, expansion of the renewable energy sector, industrial growth, and technological advancements, with manufacturers introducing new and more advanced transformer technologies that are more efficient and eco-friendly. Overall, the Latin America Power & Distribution Transformer Market size is expected to grow in the coming years by these abovementioned factors.
Latin America power & distribution transformer market report thoroughly covers the market by types, rating, cooling systems, applications, and country including Brazil, Chile, Mexico, Argentina, and the Rest of Latin America. The Latin America power & distribution transformer market outlook provides an unbiased and detailed analysis of the ongoing Latin America power & distribution transformer market trends, opportunities/high growth areas, and market drivers, which would help stakeholders device and align market strategies according to the current and future market dynamics.
Latin America power & distribution transformer market is projected to witness high growth during the forecast period. Transformers are an integral part of the power system and play a crucial role in handling the transmission & distribution of adequate power supply to households, industries, etc. with high reliability and efficiency. Thus, expanding urban cities, growing population, and rising power demand coupled with the need for renovation of existing power grid networks in the region would fuel the demand for power & distribution transformers in Latin America over the coming years.
According to 6Wresearch, Latin America Power & Distribution Transformer Market size is anticipated to register growth during 2020-2026. The growing population coupled with the increasing demand for electricity is driving the growth of the market. The increasing rapid fluctuation of electricity is proliferating the development of the market. Moreover, the rising need for transformers in order to optimize the consumption of electricity is one of the key factors driving the Latin America Power & Distribution transformer market growth.
By type, the distribution transformer segment accounted for the majority of the revenue share in the overall Latin America power & distribution transformer market in 2019. Further, the market for distribution transformers is likely to witness significant growth during the forecast period as well on account of growing power demand in the residential and commercial domains coupled with government initiatives to expand the energy sector.
Brazil and Mexico captured the majority of the revenue share in the overall Latin America power & distribution transformer market in 2019. Brazil has 72% of its installed capacity as hydroelectric power plants and the government is continuously pushing to increase efficiency and reliable operations to meet the growing demand for electricity, which is estimated to be flourishing at a 5% annual rate. Further, large-scale investments in new generation and transmission capacity along with a surging number of smart grid initiatives and technological advancements in the power & distribution transformer market would propel the market growth in the Latin America region during the forecast period.
The outbreak of the coronavirus pandemic has declined the growth of almost every industry. Restrictions imposed by the government halted all ongoing activities. The Latin America power & distribution market growth is likely to plummet significantly in 2020 due to the rapid increase in the coronavirus confirmed cases in the region especially, in Brazil, which is turning into a major COVID-19 hotspot, globally,
Some of the key players in the Latin America power & distribution market are:
The Latin America power & distribution transformer market report provides a detailed analysis of the following market segments: